Standard Bank Posts K39 billion Profit

Shareholders for Malawi Stock Exchange-listed Standard Bank Malawi on Thursday approved a final dividend payout of K20 billion, representing K51 per share.

Malawi Kwacha Depreciates

Results of a foreign exchange auction hosted by the Reserve Bank of Malawi on June 19 have pushed the maximum selling price of USD1 to MWK1, 063.86 from MWK1, 036 effective Wednesday June 21st 2023.

Malawi’s Inflation Hits 29.2% - 10-year Record High

Malawi’s year-on-year inflation for the month of May stood at 29.2 percent on account of rising food inflation, and experts warn it projects a continued rise in the cost of living and a decline in purchasing power.

Malawi’s Exports to Grow 20% - MITC

The Malawi Investment and Trade Centre (MITC) is optimistic that the country’s exports will increase by 20 percent this year, among others, thanks to exposure of more exporters to international markets.

134 Exhibitors Set for 33rd Malawi International Trade Fair

Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says the 33rd International Trade Fair will be held from May 17 to May 26th 2023 at the Trade Fair Grounds in Blantyre.

Old Mutual Impressed with "Kuitsata Pension Yanu" Campaign

Old Mutual (Malawi) has expressed satisfaction with strides made in its "Kuitsata Pension Yanu" campaign launched in October last year.

Centenary Bank Pledges to Invade Rural Malawi

Newcomer in the Malawi banking sector Centenary Bank has promised to establish its presence in rural areas which are not fully utilising at the moment, offering microfinance services to communities there.

IBAM Nods to Formation of Insurance Council

The Insurance Brokers Association of Malawi (IBAM) says it has agreed with other players in the industry to form an insurance council in order to speak with one voice and strengthen insurance business in the country.

Old Mutual to Move Further on Alternative Investment

As an issue of affordable housing remains one of the key challenges in Malawi and other African countries, Old Mutual is set to act.

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